FI showroom red and grey logo
MenuMENU
SearchSEARCH

GM Sees Double-Digit Sales Increases in Q1

It reported that US retail sales rose 15% while fleet sales jumped 27%.

April 3, 2023
GM Sees Double-Digit Sales Increases in Q1

General Motor's fleet sales jumped 27% in the first quarter.

Credit:

Antoni Shkraba

2 min to read


First-quarter sales numbers are rolling in, with General Motor's reporting double-digit increases as U.S. sales soared for the third consecutive quarter.  

GM reported an 18% increase in sales, which hit 600,000 units, with volume up:

Ad Loading...
  • 16% at Chevrolet

  • 7.6% at GMC

  • 99% at Buick 

  • 29% at Cadillac

Overall, GM reported U.S. retail sales rose 15%, and fleet sales, representing 25% of deliveries, jumped 27% in the first quarter.

According to the automaker, the quarter ended with 412,285 cars and light trucks in dealer stock or in transit, similar to the company’s fourth-quarter numbers.

Toyota reported March sales dipped 9.1%, with the Toyota division down 12% and Lexus up 12%.

The automaker ended March with 142,958 cars and light trucks in stock, 116,108 of those units at port or in transit, equal to a 22-day supply. The Toyota division reported 112,420 vehicles in inventory, while Lexus had 30,538 cars and light trucks to start April, a spokesperson told Automotive News.

Ad Loading...

Honda Motor Co. reported U.S. sales rebounded in the first quarter. Hyundai and Kia set sales records in March and reported first-quarter gains.

Sales grew 8% at American Honda in March, with deliveries up 8.8% at the Honda division and 2.6% at Acura. The growth represents the automaker's second gain in 2023 after a 1.4% decline in February and 14% increase in January.

The Honda brand reported 38,000 cars and light trucks in stock at the end of March, while Acura had 22,000 units on hand.

Nissan reported a 17% increase in the first quarter after reporting six consecutive quarterly declines. Sales increased 16% for the Nissan division and 40% for Infiniti.

Hyundai reported volume rose 27% to 75,404 in March, with retail deliveries increasing 15% to 68,312. Hyundai reported fleet sales accounted for 9.4% of March volume. The automaker closed March with 53,119 cars and light trucks in U.S. inventory, significantly above the 17,271 a year earlier.

Ad Loading...

U.S. sales grew 20% to 71,294 at Kia, marking the automaker’s fifth consecutive month of a 20-plus% gain. Kia reported its Carnival, Sportage, Telluride and Forte models set March records and that its sales of electrified models increased 10%.

Subaru sales soared 23% to hit 32,213 on strong light-truck deliveries, while March volume rose 5.3% at Mazda.

U.S. sales at Genesis hit a monthly record, with volume up 23%, marking its fifth straight gain on higher crossover deliveries.

Originally posted on Auto Dealer Today

More Showroom

Gray Toyota SUV.
Showroom•by Hannah Mitchell•November 11, 2026

Auto Transaction Prices Hit New Height

October sales of big, pricey models push up the average, even as budget-conscious consumers snag more economical options.

Read More →
Two women in car, one driver and one passenger. View of windshield and road ahead.
Showroom•by Lauren Lawrence•November 4, 2026

Making the Safe Choice

Kelley Blue Book has turned households with teen drivers onto safe and affordable options for their vehicles of choice

Read More →
The front of a red Audi SUV parked between two black cars.
Showroom•by Lauren Lawrence•November 2, 2026

Inventory Holds Steady

September new-vehicle inventory rose slightly month-over-month, but dealer lots are laden with MY2026 vehicles as the typical model year changeover trudges along.

Read More →
Ad Loading...
Two Mercedes key fobs on a key chain
Showroom•by Hannah Mitchell•October 26, 2026

October Auto Sales Fall With the Leaves

A forecast anticipates retail deliveries are down this month as consumers continue to face cost challenges, though more are tapping long loans in order to buy.

Read More →
Green road sign that says California Ave
Showroom•by Lauren Lawrence•October 21, 2026

California Sees Quarterly Gains

California’s new-vehicle market saw a boost in hybrids in the third quarter and its first overall quarterly market gain of the year.

Read More →
Silver Subaru STI parked in lot.
Showroom•by Lauren Lawrence•October 14, 2026

New-Vehicle Prices Stay Put

Affordability pressures and model availability shaped new-vehicle sales in September, according to an analysis by Kelley Blue Book.

Read More →
Ad Loading...
White electric vehicle parked at charging station.
Showroom•by Lauren Lawrence•October 12, 2026

EV Buyer Consideration Shifts

What drives American consumers to purchase an electric vehicle is shifting as the question moves away from Should I?' to 'Which features and experience do I want to have?'

Read More →
Door handle in interior of new-looking vehicle
Showroom•by Hannah Mitchell•October 1, 2026

Year-to-Date Auto Sales Holding Their Own

A forecast through August shows that automakers have shifted strategies to keep deliveries and revenues up despite tariffs and other economic challenges.

Read More →
Interior of BMW ix3 electric SUV with hilly landscape seen through windshield
Showroom•by Hannah Mitchell•September 28, 2026

Slow to Robo

Ten years of polling consumers shows autonomous vehicles’ profiles have risen considerably, but even more people now want at least some level of control if they go that route.

Read More →
Ad Loading...
Photo of red SUV parked outside a car dealership after dark
Showroom•by Hannah Mitchell•September 9, 2026

Dealers a Little Down

A third-quarter Cox Automotive survey finds them in a mixed mood, bummed by fallen customer traffic but encouraged by better profits, costs and EV interest.

Read More →